Barry Callebaut and P.T. Comextra Majora open USD 33 million cocoa facility in Makassar/Indonesia

Marketwired

MAKASSAR, INDONESIA and ZURICH, SWITZERLAND--(Marketwired - Sep 3, 2013) - Enhancingmanufacturing footprint in fast-growing Asian markets

* Joint venture company P.T. Barry Callebaut Comextra Indonesia opens USD33 million (CHF 31 million / EUR 25 million)[1] facility to meet growingcocoa demand in Asia

* Broad network of local Asian cocoa and chocolate factories puts Barry Callebaut's production assets very close to its customers

* Barry Callebaut to expand its "Cocoa Horizons" sustainabilityactivities to Indonesia

Barry Callebaut,the world's leading manufacturer of high-quality cocoa and chocolateproducts,today celebrated the inauguration of its new, joint cocoa processingfacility inMakassar. For this, Barry Callebaut created a joint venture with P.T.ComextraMajora, a diversified soft commodities trader and a leading exporter ofcocoafrom Indonesia as well as a long-standing business partner of BarryCallebaut,as announced in November 2011. Barry Callebaut owns 60%, and P.T. ComextraMajora 40% of the joint venture company P.T. Barry Callebaut ComextraIndonesia.The USD 33 million (CHF 31 million / EUR 25 million) cocoa factory inMakassarwill have an initial annual grinding capacity of 30,000 tonnes, which issupported by a long-term bean supply agreement with P.T Comextra Majora.

Reinforced manufacturing footprint, closer to customersFollowing the recent acquisition of the cocoa business from Singapore-basedPetra Foods, Barry Callebaut is further enhancing its manufacturingfootprint infast-growing Asian markets: Besides the newly built Makassar site, thecompanyhas 4 other cocoa and 4 chocolate factories in the region. With thisnetworkBarry Callebaut is able to produce very close to its customers - both localandglobal food manufacturers in Asia-Pacific.

Asia-Pacific - fast growing demand and important source of cocoa beans

As Asian economies grow, demand for high quality cocoa and chocolateproductsalso increases. It is expected that Asian demand for cocoa powder productswillgrow by 5-9% annually in the coming years; chocolate volume growth isforecastto increase by 4-6% in the same period - much higher than the respectivegrowthrates in other parts of the world.[2]

With 13% of the world crop, Indonesia is the world's third largest cocoagrowingcountry. The new factory in Makassar is ideally located on Sulawesi Island,where most Indonesian beans are grown, thus reducing logistics costs.

Juergen Steinemann, CEO of Barry Callebaut, said: "The new facility inMakassarbuilt jointly with our partner P.T. Comextra Majora opens new cocoasourcingpossibilities and further strengthens our overall manufacturing footprintin ourRegion Asia-Pacific. Together with earlier investments and the recentlyacquiredcocoa factories from Petra Foods in Asia, we are able to offer the bestfactorystructure and support in a region where demand for quality cocoa andchocolateproducts is growing rapidly."

Partnership between two leading companies

According to Jimmy Wisan, CEO of P.T. Comextra Majora and PresidentCommissionerof the joint venture P.T. Barry Callebaut Comextra Indonesia, thepartnership isa natural extension of the long-standing business relationship with BarryCallebaut. He commented: "Our businesses complement each other and thepartnership will harness the strengths of both companies. Barry Callebautwillbe responsible for the operations and will purchase the manufacturedproductswhile P.T. Comextra Majora will supply the new facility with cocoa beansunder along-term supply agreement."

Securing a sustainable cocoa supply from regions outside West Africa

Barry Callebaut is dedicated to maintaining and contributing to asustainablecocoa supply chain. For this, Barry Callebaut is expanding itssustainabilityactivities to include Indonesia. The company already started to roll outitsglobal sustainability initiative "Cocoa Horizons" in the region.

Besides its own activities, Barry Callebaut established the Combat GrakindoFoundation together with P.T. Comextra Majora in 2012, a joint localsustainability initiative to provide training to cocoa farmers in CentralSulawesi. Barry Callebaut is also a member of the Cocoa SustainabilityPartnership (CSP), a public-private forum started in 2006 for stakeholdersactively engaged in cocoa development initiatives in Indonesia.

***

P.T. Comextra Majora (www.comextra.com):

P.T. Comextra Majora, a leading exporter of cocoa and cashew kernels fromSulawesi, Indonesia, is a long-standing trusted business partner of BarryCallebaut and has a proven track record as a premier Indonesian beanexporter.P.T. Comextra Majora has been the main supplier of Indonesian cocoa beanstoBarry Callebaut for many years. Jimmy Wisan, CEO of P.T. Comextra Majora,servesas President Commissioner of the new company, P.T. Barry Callebaut ComextraIndonesia.

Barry Callebaut (www.barry-callebaut.com):

With annual sales of about CHF 4.8 billion (EUR 4.0 billion / USD 5.2billion)in fiscal year 2011/12, Zurich-based Barry Callebaut is the world's leadingmanufacturer of high-quality cocoa and chocolate products - from sourcingandtransforming cocoa beans to producing the finest chocolate, includingchocolatefillings, decorations and compounds. Combined with the recently acquiredcocoaingredients business from Petra Foods, Barry Callebaut generates estimatedannual sales of CHF 6 billion (EUR 4.9 billion / USD 6.4 billion), runsaround50 production facilities worldwide, sells its products in over 100countries andemploys a diverse and dedicated workforce of more than 8,000 people.Barry Callebaut serves the entire food industry, from industrial foodmanufacturers to artisanal and professional users of chocolate, such aschocolatiers, pastry chefs, bakers, hotels, restaurants or caterers. Thetwoglobal brands catering to the specific needs of these customers areCallebaut(®)and Cacao Barry(®).

***

[1] See also previous announcement of November 18, 2011: "Barry CallebautandP.T. Comextra Majora enter into joint venture in Indonesia".

[2] Source: Euromonitor.

The complete news release and photos can be downloaded from the followinglinks:

CocoaProducts_2:http://hugin.info/100441/R/1726765/576281.jpg

Press Release:http://hugin.info/100441/R/1726765/576276.pdf

Factory View:http://hugin.info/100441/R/1726765/576279.jpg

Factory View 2:http://hugin.info/100441/R/1726765/576310.jpg

Press Conference Presentation:http://hugin.info/100441/R/1726765/576298.pdf

Ceremony Picture:http://hugin.info/100441/R/1726765/576309.jpg

CocoaProducts_1:http://hugin.info/100441/R/1726765/576280.jpg

This announcement is distributed by Thomson Reuters on behalf ofThomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Barry Callebaut via Thomson Reuters ONE

[HUG#1726765]

Contact:
Contacts P.T. Comextra Majora

for investors and financial analysts:
Kismono Hari Murty
Head of Investor Relations
P.T. Comextra Majora
Phone: +62 411 510051
Email Contact

for the media:
Irfan Irawan
External Communications Manager
P.T. Comextra Majora
Phone: +62 411 510051
Email Contact

Contacts Barry Callebaut AG

for investors and financial analysts:
Evelyn Nassar
Head of Investor Relations
Barry Callebaut AG
Phone: +41 43 204 04 23
Email Contact

for media outside Asia-Pacific:
Raphael Wermuth
Head of Media Relations
Barry Callebaut AG
Phone: +41 43 204 04 58
Email Contact

for Singapore media:
Joey Wong
Grayling Asia
Phone: +65 9830 9957
Email Contact

for Indonesia media:
Astrid Wena
IPMPR
Phone: +81 11 75 7564
Email Contact

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